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Price Analysis

Dogecoin (DOGE) Price Analysis: Is It Time To Say Goodbye To Dogecoin?

Dogecoin is known to be one of the most fluctuating altcoin looking at the trends in the news. But now, the price action of Dogecoin is becoming a real issue. Dogecoin is still struggling while other coins seem to go uphold the mark in the market already. Extreme inflation is a real concern for the traders who have invested in Dogecoin and is resulting in significantly low figures.

So what is the real deal with Dogecoin? “Is the coin still breathing, or is it time to say goodbye to Dogecoin?” such rumors are already failing to predict the exact value of dogecoin.

Price Analysis of Dogecoin at 8:37 UTC time:

The current value at which Dogecoin is traded in the cryptomarket is 0.002976 USD. The value has not really shown bullish nature for a long time, as today’s value has shown a 1.17% increase from yesterday’s change. The Return on Investment that Dogecoin currently fetches for its investors is 432.62%, and it is ranked at 30th position in the list of coins in the cryptomarket.

The market cap at 8:37 UTC time today, 25th May is 356,071,288 USD and the 24-hour volume is 61,398,876 USD.

Price Comparison:

dogecoin Chart

Day 1 of the year 2019 valued the coin at 0.00242928 USD, which was a disappointing start. However, the current value is quoted at 0.00296551 USD on 8:37 UT time; currently having 22% on escalation till date.

Dogecoin-2 Chart

Considering the trend from the past 5 days, when the value on 20th May at 00:05 UTC time was 0.00307291. But, when we compare the same with the current trading price, the fall is approximately that of 99%. Well, the statement is enough for traders to get concerned about the value of the coin they have invested in.

Since the new investment and development plan is not realized on the trending chart, it is not a good sign to work upon. Dogecoin was famous as a joke coin which was not supposed to last long enough. And thus, the time is high when it might be the moment to say goodbye to all the memes and jokes around Dogecoin.

However, many people are quoting that Dogecoin is going to die soon, but there have been little engagements which were realized on their official site. Nonetheless, Dogecoin is listed with major sharks and exchanges all around, which means it is not going to die anytime soon. All you have to do is keep gawking at the trend all the time!

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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